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Welcome to Music Enterprise Worldwide’s weekly round-up – the place we be sure you caught the 5 greatest tales to hit our headlines over the previous seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their revenue and scale back their touring prices.
What’s the very best response to being plagiarized?
Exhibit A: The late comic Invoice Hicks. Hicks, then a comparatively cult determine in leisure circles, watched his peer Denis Leary scoop up crucial and business prosperity with 1993 stand-up album No Remedy For Most cancers... which contained a string of fabric that, ahem, bore “resemblance” to a lot of Hicks’ personal jokes.
In keeping with biographer Cynthia True, Hicks was deeply enraged by Leary’s alleged lifting of his on-stage property, from the subject material via to the splenetic supply Hicks was famed for.
But you wouldn’t understand it from an interview Hicks gave in April 1993 to Austin Comedy Information. When requested if he believed Leary had plagiarized his work, Hicks cooly replied: “I’ve a scoop for you. I stole [Denis’s] act. I camouflaged it with punchlines, and to actually throw folks off, I did it earlier than he did.”
“… camouflaged it with punchlines”. What a burn. What a man.
The giants of the trendy music business don’t have a tendency to answer plagiarism with Hicks-like rage, nor Hicks-like wordplay. As an alternative, they have an inclination to decide on the chilly, deadly metal of their authorized division’s e mail outbox.
MBW’s not saying that’s precisely what occurred between Warner Chappell Music and Olivia Rodrigo’s folks RE: the placing similarities between the latter’s smash hit Good 4 U and Paramore’s Distress Enterprise. However it was telling to see WCM announce this week (by way of a chummy Instagram congrats submit) that Paramore’s Hayley Williams and Josh Farro had been now credited Good 4 U songwriters.
The very fact WCM confirmed this truth throughout Good 4 U’s fourteenth week within the Prime 5 of the Billboard Scorching 100 maybe says one thing in regards to the journey that was required to make it occur.
The Rodrigo/Paramore spectacle spiced up one other sleepy summer season week for the music enterprise.
That being stated, Common Music Group discovered time on Wednesday (August 25) to current to European traders at a Capital Markets Day (CMD) – during which UMG administration confidently predicted that their agency’s annual revenues will rise by over 10% this 12 months, and that its EBITDA will enhance by 20%.
UMG’s present majority proprietor, Vivendi, noticed its share value hit a 19-year excessive the next day. This will or might not have had one thing to do with the truth that, at stated CMD, Common dedicated to a “mid-term outlook” that may see the music firm pay out 50% of its web earnings as dividends to shareholders in future.
So there you’ve gotten it: Possibly all these artists eager to be paid extra money from the foremost document firms – aka: all artists ever – would do nicely to purchase up UMG inventory when the corporate goes public in Amsterdam.
UMG can be itemizing within the ‘dam, by the best way, in lower than a month.
Elsewhere previously few days, TuneCore appointed a brand new CEO, the newest in a run of huge worldwide adjustments at Warner was introduced, and dance pageant Tomorrowland launched a snazzy new label – and a world distro take care of Common/Virgin Music.
Right here’s what you have to know…
1) UNIVERSAL MUSIC EXPECTS 10%-PLUS REVENUE GROWTH THIS YEAR
Common executives stated at a capital markets day on Wednesday that they anticipated 2021 income to develop by over 10% at fixed currencies, with earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) rising over 20%.
Reuters stories that UMG’s revenues had been up 4.7% on a comparable foundation in 2020.
2) OLIVIA RODRIGO GIVES PARAMORE WRITING CREDIT
Olivia Rodrigo has added two members of Paramore to the writing credit of her hit single Good 4 U.
The BBC stories that Hayley Williams and ex-guitarist Josh Farro are actually listed as co-writers of the track, which topped the UK charts for 5 weeks over the summer season.
3) TUNECORE HAS A NEW CEO
TuneCore, one of many world’s largest DIY music distribution platforms, has promoted Andreea Gleeson to the place of CEO.
Gleeson is the primary CEO of TuneCore since Scott Ackerman, who exited the function in April final 12 months.
4) WARNER MUSIC CHANGED LEADERS IN NO LESS THAN 10 MARKETS SINCE ITS IPO
Warner Music Group has undergone a complete management transformation because it floated on the Nasdaq in early June final 12 months.
The majority of that transformation has taken place in markets exterior of the UK and US.
The newest of those adjustments was introduced this week, with Kristen Burke set to succeed the long-running boss of Warner Music Canada – Steve Kane – as President of the Toronto-based firm.
5) TOMORROWLAND LAUNCHES LABEL, INKS DEAL WITH UNIVERSAL MUSIC
World dance music pageant and model Tomorrowland is launching a document label – and its releases can be distributed worldwide by Common Music.
The label will associate with Virgin Information Germany, with world distribution via UMG’s Virgin Music Label & Artist Providers, to present Tomorrowland entry to market assets and label groups worldwide.
MBW’s Weekly Spherical-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their revenue and scale back their touring prices.Music Enterprise Worldwide
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